Gu Jingci: 5.3 Bitcoin/Ethereum Trading Strategy and Market Analysis

Bitcoin/Ethereum over the past weekend combined with the May 1st holiday has not shown significant fluctuations, and the overall bullish and bearish momentum remains weak. On the daily chart, two recent long-bodied bullish candles indicate a rebound from the previous lows, but the rebound momentum has weakened. On the 4-hour chart, a large bearish candle nearly engulfs most of the previous bullish candle's gains, indicating the involvement of bearish forces. Accompanied by a long upper shadow, it shows intense competition between bulls and bears at the current level, with insufficient upward momentum.

On the technical indicators, both DIF and DEA lines are above the zero axis, with DIF above DEA, and the MACD histogram is positive and converging, indicating a short-term bullish trend, but the upward momentum is beginning to weaken. Short-term trading volume has significantly shrunk, especially the latest candlestick with very low volume, suggesting current price fluctuations lack volume support, and market sentiment is cautious.

Trading suggestion: Short Bitcoin near 78,400 to 78,800, with targets around 76,000 to 77,000; short Ethereum near 2,310 to 2,330, with targets around 2,200 to 2,250.

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